By Satish Kanady
QInvest, Qatar’s leading Islamic investment bank and one of the region’s prominent Islamic financial institutions, yesterday announced exiting the St. Edmund’s Terrace LP Fund (the “Fund”). The Fund, which was structured in a Sharia’a compliant manner, was jointly owned by QInvest and a range of GCC institutional and retail investors. It invested £50m into developing a new, prime residential project through a real estate development company.
The Fund was created to provide investors with the opportunity to invest in London’s prime residential market. At completion, the Fund generated 22 percent net returns to investors, which is in excess of initial projected returns in the Fund’s Private Placement Memorandum (“PPM”).
© Copyright Zawya. All Rights Reserved.